×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: Reddit | meme stocks | Goldman Sachs | Morgan Stanley

Reddit Tapping Goldman Sachs, Morgan Stanley for $15B IPO

Morgan Stanley
(AP)

Friday, 07 January 2022 04:24 PM EST

Social media platform Reddit Inc., whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Goldman Sachs Group and Morgan Stanley for its initial public offering, Bloomberg News reported on Friday, citing people familiar with the matter.

Reddit is aiming for a valuation of over $15 billion at the time of its flotation, sources had previously told Reuters.

Reddit did not immediately respond to a Reuters request for comment.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
Social media platform Reddit Inc., whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Goldman Sachs Group and Morgan Stanley for its initial public offering, Bloomberg News reported Friday.
Reddit, meme stocks, Goldman Sachs, Morgan Stanley
76
2022-24-07
Friday, 07 January 2022 04:24 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved